Candy Company borrowed $16,000 on a 7-month, 9% note from Gopher State Bank to open their business, MK's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. Determine the correct amount that should appear in the Interest Expense account on its income statement for the year 2017. Do not enter a dollar sign or any commas. Candy Company borrowed $16,000 on a 7-month, 9% note from Gopher State Bank to open their business, MK's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. Determine the correct amount that should appear in the Interest Payable account on the December 31, 2017 balance sheet. Do not enter a dollar sign or any commas Candy Company borrowed $16,000 on a 7-month, 9% note from Gopher State Bank to open their business, MK's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. Determine the correct amount that should appear in the current liabilities section of the December 31, 2017 balance sheet. Do not enter a dollar sign or any commas